Technicals Say RELX PLC (RELX) Is A Hold

RELX PLC (NYSE:RELX) finished Friday with an addition of $0.45 to close at $30.20, an upside of 1.51 percent. An average of 717,940 shares of common stock have been traded in the last five days. There was a gain of $0.10 in the past week, and it reached a new high 40 times over the past 12 months. The last 20 days have seen an average of 835,460 shares traded, while the 50-day average volume stands at 654,778.

RELX stock has decreased by -4.79% in the last month. The company shares reached their 1-month lowest point of $29.34 on 01/10/22. With the stock rallying to its 52-week high on 01/03/22, shares of the company touched a low of $23.37 and a high of $32.71 in 52 weeks. It has reached a new high 1 time so far this year and lost -7.39% or -$2.41 in price. In spite of this, the price is down -7.67% from the 52-week high.

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Valuation Metrics

RELX PLC (RELX) has a trailing price-to-earnings (P/E) ratio of 32.26, which compares with the 19.21 for the broader industry and 24.47 for the sector. The stock’s beta is 0.75. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 6.21, the price-to-book (PB) ratio at 17.76, and the price-to-cash flow ratio at 46.34.

The company has a payout ratio of 50.20%. The company’s most recent quarterly dividend payment was $0.3351 a share, representing a down of -28.6% from $0.4693 last year. Its latest decrease dividend $0.1342 reported on Friday July 30 2021.

The quick ratio of RELX PLC for the recent quarter was 0.50, and the current ratio was 0.50, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 2.49 and a total debt to equity ratio of 2.68 for the recent quarter. Its gross profit as reported stood at $5.94 billion compared to revenue of $9.13 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, RELX PLC’s return on assets was 9.50%. For the broader industry, ROE averaged 3.38 over the past year.

Earnings Surprise

The company posted a net income of $1.22 billion in the quarter, while revenues were shrunk -22.96%.

Technical Picture

From a technical analysis perspective, let’s take a brief look at RELX PLC (RELX) price momentum. RSI 9-day as of the close on 14 January was 38.78%, suggesting the stock is Neutral, with historical volatility in this time frame at 28.10%.

As of today, RELX’s price is $30.00 +0.33% or $0.10 from its 5-day moving average. RELX is currently trading -4.19% lower than its 20-day SMA and +0.57% higher than its 100-day SMA. However, the stock’s current price level is -4.91% below the SMA50 and +17.97% above the SMA200.

The stochastic %K and %D were 21.27% and 20.61%, respectively, and the average true range (ATR) was 0.47. With the 14-day stochastic at 25.52% and the average true range at 0.46, the RSI (14) stands at 40.33%. The stock has reached -0.37 on the 9-day MACD Oscillator while the 14-day reading was at -1.10.

Analyst Ratings

Kepler upgraded RELX PLC (NYSE: RELX) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a Hold. The consensus rating for RELX PLC (RELX) among analysts is Hold. According to current brokerage recommendations, 1 brokerage firm advise that investors sell RELX, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 1 others rate it as a “buy”.

What is RELX’s price target for the next 12 months?

Analysts predict a range of price targets between $31.60 and $31.60, with a median target of $31.60. Taking a look at these predictions, the average price target given by analysts for RELX PLC (RELX) stock is $31.60.


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